Russia's largest private bank Alfa-Bank tests cryptocurrency trading services.
2 hours ago
Russia’s largest private bank Alfa-Bank has begun testing cryptocurrency trading services for select qualified investors. The test version supports assets including Bitcoin, Ether, Solana, Litecoin, Tether USDt, USDC, Zcash, and others. Should Russia’s relevant regulatory framework be formally implemented, the bank plans to roll out the service to retail clients in the fourth quarter of 2026. Furthermore, Alfa-Bank intends to set up a digital asset custody entity, which will provide custody services not only for its own crypto operations but also for third-party institutions. As Russia’s digital asset legislation progresses, major lenders including Sber, VTB Bank, and T-Bank are also accelerating their cryptocurrency business initiatives.
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